According to the most recent data on the cost of living, North Hobbs has an overall cost of living index of 96 which is 1.0x lower than the national index of 100.
Compared to only New Mexico, North Hobbs has a cost of living index that's 1.0x higher than New Mexico's index of 92.
The standard of living in North Hobbs ranks as #2,601 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies North Hobbs ranks as the #3,818 most expensive place in the Land of Enchantment.
|Living Expense||North Hobbs||New Mexico||National Average|
Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.
Home and income come data comes from the most recent US Census ACS 2014-2018.